Health savings accounts and flexible spending accounts are growing in popularity. Many people aren’t aware of the changes that take place in these plans from year to year. It’s important to discuss account details with an agent each year to be fully aware of the current rules or upcoming changes. 2012 Flexible Spending Accounts Information [...]
Tag Archives: flexible spending accounts
IRS Issues New Guidance on PPACA Changes to OTC Medical Expenses
On September 3, 2010, the Internal Revenue Service (IRS) issued Notice 2010-59, a guidance reflecting statutory changes related to the use of health reimbursement arrangements (HRA) and health flexible spending accounts (FSA) for payment of over-the-counter drugs and medications. Related to accident and health plans that are provided by employers, including FSAs and HRAs, The [...]
HR with Tightened Purse Strings Can Still Meet the Challenge of Keeping Employees Happy
What does it take to keep employees happy? Between the elevated food, transportation, and energy prices; plunging home values; and volatility surrounding the investment market, consumer attitudes have been shaken to their core. Businesses of all trades are feeling the pinch as the consumer’s belt is forced to steadily tighten. Human resources (HR) departments particularly [...]
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